Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

4.14 According to a Gallup poll, 60% of American adults prefer saving over spending Let X - the number of American adults out of a

image text in transcribed
4.14 According to a Gallup poll, 60% of American adults prefer saving over spending Let X - the number of American adults out of a random sample of 50 who prefer saving to spending. a. What is the probability distribution for X? O X ~ B(0.60,50) O X ~ B (50, 60) O X ~ B (50, 0.60) O X ~ B(50) O X ~ B(60) b. Use Python Code to find the following probabilities: Round your answers to four decimal places. i. the probability that 25 adults in the sample prefer saving overspending Number Il. the probability that at most 23 adults prefer saving Number iil. the probability that more than 32 adults prefer saving Number C. Using Python Code, calculate the (i) mean and (ii) standard deviation of X. Round your answers to two decimal places, if necessary. 1. Mean = Number ii. Standard Deviation = Number

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Authors: Kin Lo, George Fisher

3rd Edition Vol. 1

133865940, 133865943, 978-7300071374

Students also viewed these Mathematics questions

Question

Find the sum 1. 2. 3. 10 2-3) j=1 E(20 3j) j=1

Answered: 1 week ago

Question

Explain the various methods of job evaluation

Answered: 1 week ago

Question

Differentiate Personnel Management and Human Resource Management

Answered: 1 week ago

Question

Describe the functions of Human resource management

Answered: 1 week ago

Question

What are the objectives of Human resource planning ?

Answered: 1 week ago